Hong Kong's 25.6 million subsidy to EV maker

Hong Kong will provide a subsidy of up to HK$ 200 million ($25.6 million) to China’s Hozon Auto, which could alleviate the financial pressure on the electric vehicle startup and facilitate its expansion in overseas markets. In addition to providing a $25.6 million subsidy, the Hong Kong government will also help with a $200 million cornerstone investment for Shanghai-based Hozon.

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